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In June 2019, private equity business Advent International acquired an 80% stake in Walmart’s Brazil operations. Walmart maintains a 20% stake in the business, which has been renamed Grupo BIG. In early 2019 it announced its plans to invest BRL1.2bn (US$287m) into modernising and expanding stores over its first 18 months. For more information on the acquisition see our article.

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Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso. Pl...
In the first nine months of 2019 DIA closed 757 underperforming stores across the group. Most of these closures were in Brazil (313) and Spain (374). In Brazil closures consisted of 44 DIA owned stores and 269 franchised sites. In 2019 DIA has embarked on a large-scale de-franchising process to improve the quality of its franchisee network. At the start of the year franchises accounted for 5...
Spain-based discounter Grupo DIA has announced its Q3 2019 results. The results show negative sales and reported an operating loss of €356m and a net loss of €504m. Sales performance DIA announced its Q3 sales results saying overall sales declined by 7.4% to €5.1 bn and like-for-like (LFL) sales decreased by 8.1%. The group highlights the sales in Spain declined by 7.8% to €3 bn and LFL ...

Presentations

06/01/2020
We review the five key trends set to shape the Latin American grocery market over the next 12 months and beyond.
12/12/2019
In this presentation we look at the regional and country forecasts for grocery retailing to 2024. With the global grocery retail landscape changing fast, providing both opportunities and challenges for your business we look at the changes to our outlook to help you better understand how we see them growing and evolving to 2024.
06/11/2019
We explore the key growth markets for the convenience channel in Latin America. This outlines the conditions shaping its growth in these markets. We also deep-dive into five key themes that will influence future development in the channel.
View all presentations

Key presentation

This in-depth guide to Brazil explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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